The U.S. Securities and Exchange Commission (SEC) has once again pushed back decisions on crypto ETFs. This time, the delay impacts CoinShares' proposals for XRP and Litecoin-based funds.
The U.S. Securities and Exchange Commission (SEC) has again postponed decisions on two crypto ETFs, this time impacting CoinShares’ proposals for XRP and Litecoin funds.
The agency did not approve or reject the filings ahead of the May 26 deadline. Rather, the SEC is continuing its review and has solicited public comments and counterarguments.
Both ETF filings—one for XRP, the other for Litecoin—were candidates for a second-round deadline on May 26. However, the SEC will not finalize its decision until August 24, giving investors and industry participants more time to present their views.
These delays are part of a broader pattern in the SEC’s consideration of crypto ETFs. Despite increasing pressure from the industry for approvals and the agency's own signaled intent to approve the products, the Commission has been deferring its rulings.
CoinShares, a significant digital asset manager, had applied to list its Litecoin ETF on Nasdaq, and is also putting forward a similar product with XRP, both of which remain pending.
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